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Article: JPMorgan Chase to Continue Visa, MasterCard Relationships.
- Article from:
- Business Wire
- Article date:
- February 22, 2005
CopyrightCOPYRIGHT 2005 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK -- JPMorgan Chase & Co. (NYSE:JPM) announced today that it would continue to issue credit, debit and commercial cards through both Visa U.S.A. Inc. and MasterCard International Inc. JPMorgan Chase will also retain its positions on Visa U.S.A.'s board consistent with association rules that prohibit dual board representation.
"Visa and MasterCard have been great partners for many years, and both will continue to play key roles in helping our company grow and serve more customers," said William Campbell, chairman of Chase Card Services, the company's credit card division. "While realizing the company's economies of scale, this decision gives our customers ...